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economy, and bring down energy costs. the budget also promotes economic growth, job creation, supports research and development in the energy sector, and moves america to a more energy independent state. it expands oil and gas development, which could generate a half a million new jobs and $14.40 trillion in increased economic activity. by preventing or delaying domestic energy exploration, the obama administration has driven jobs overseas. in this budget, the house republicans in the subsidies, -- support for this budget translates into a response will plan to grow our economy and create jobs. i yield back my time. >> i would like to yield two minutes to the gentleman from indiana. >> thank you. what we are doing here today, people in america are hurting. too many parents have come home and tell their children they do not have a job. washington has refused to make the tough choices necessary to jump-start a healthy economy to create jobs and opportunity for every american. we hear a lot from the other side of the aisle about a balanced approach. there is not much balanced about a budg
to be fiscally responsible and reduce the deficit. to make velft to grow our economy and to meet our obligation to our seniors, to our families and to our future and the republican budget fails all three. republican budget threatens our nation by undermining our economic growth and by shifting the financial burden for the deficit, and the deficit reduction, to our seniors and the middle class. republicans have made their choices clear, end medicare as we know it, adding costs to seniors today and ending the medicare guarantee tomorrow, slashing investments necessary for economic competitiveness and giving millionaires an average of $400,000 in tax breaks. republican budget eliminates protection for millions of our sickest seniors who depend on nursing home and home health services and republican budget will increase taxes for average middle-class families by $3,000. their choices will cost two million jobs next year alone and decrease economic growth by 1.7%. in contrast, the democratic alternative present serves -- preserves the medicare guarantee and makes investments in education, innovation
national debt is bigger than our entire economy. unless we change course, we will add another 9 trillion over the next ten years to our national debt. that debt will weigh down our country and our economy like an anchor. at some point, lenders will lose confidence in us. they will demand higher interest rates. and when they do, interest rates across the country will skyrocket on credit cards, mortgages, car loans, families. as interest rates rise, debt payments will overwhelm all other items in the budget and the debt will overwhelm the economy. our finances will collapse, the safety net will unravel and the most vulnerable that is who suffers the most under a debt crisis. a debt crisis would be the most predictable disaster in our history i look back at 2008 like it was jerds sometimes and i remember seeing all the all that was happening and i remember the panic meetings with the treasury secretary and looking back we can see what happened but at the moment it was a crisis that hit us like surprise and look what happened at the meantime look at the trillions of dollars of wealth loss, l
it is important to realize that it is possible to make investments in our economy today, create jobs, repeal the sequester, and still reduce our deficit in a responsible and laled way. -- and balanced way. in closing i urge my colleagues not to be scared by the rhetoric that sometimes we hear. instead, i urge my colleagues to support one of the multiple budget proposals that reduce our deficit responsibly while creating jobs today and protecting the important programs like medicaid and medicare for generations to come. i yield back the balance of my time. the speaker pro tempore: the gentlelady yields back her time. the gentleman from georgia. mr. woodall: thank you, mr. speaker. i yield myself such time as i may consume. i thank the gentlelady for being with me on the floor today. i'll say that we sometimes have some controversy in the rules committee, mr. speaker. there is a lot of responsibility that lies in the rules committee. with 435 folks here in this chamber. we all would like to have our say. we'd all like to have our say probably more than once. and the rules committee's tasked wi
our ailing economy and certainly not the answer for the hardworking folks back home in wyoming. when you start with one party doing the drafting and those who wrote the budget hold the majority on the budget committee, you can expect the bill to be one-sided. if you keep on doing whatever you a been doing, you can expect to get the same results. unfortunately, i believe that's what we'll see this week as we debate the budget here on the senate floor. the majority kept us in the dark on the budget until the last -- until last wednesday evening. we had to present our opening statements in the budget committee before we even sue the budget the majority -- even saw the majority the budget would offer. i do have to say in the defense of the majority that that's the way it's been for several years, both when the republicans were in charge and when the democrats are in charge. thea's thacharge that doesn't mean it is right. you have to share it. so then we had to turn around and start voting on the amendments the next morning in the budget committee and we weren't part of that process, beca
of a balanced approach that protects the american economy, the ryan republican budget guts education, medical research, infrastructure and even public safety. the ryan republican budget would actually jeopardize the economic recovery. it wouldn't help it. and in case you're thinking it -- huge and painful cuts can buy an awful lot of deficit reduction, think again. instead congressman ryan's cuts will buy more tax breaks for the wealthiest among us. this budget isn't a serious attempt to reduce the deficit. meaningful deficit reduction will require shared sacrifice, including contributions from those who can best afford to contribute. today budget committee chairman patty murray will introduce a budget that reflects the principle of balance. senator murray's plan, the democratic plan, will cut wasteful spending, reduce the deficit and close tax loopholes that benefit the rich. and it will invest in the things that help our economy grow: education, preventive health care, worker training, roads and bridges. it will invest in a strong middle class. and unlike the ryan republican plan, it won't
, growing the economy, strengthening the middle class and reducing the deficit. our proposal puts people to work this year with specific and targeted investments, while investing also in education, energy, research and infrastructure and keeping our commitment to america's seniors. our plan is fair, balanced, reasonable and responsible. it is pro-growth, pro-people, pro-america and approach favored by the majority in this country. i yield back the balance of my time. mr. horsford: thank you, congresswoman bass. and to focus on jobs and investing in our future, the fact that is pro-growth, pro-people and 70% of the american people support this type of approach is why the c.b.c. is offering this as an alternative to the house republican majority. and to speak further on the pro-growth needs of this budget, my representative -- my colleague, i should say in the new freshman class. it's been a delight to get to know her, the gentlelady from ohio, representative beatty. mrs. beatty: thank you so much. thank you, mr. speaker. i rise today to discuss house budget committee chairman ryan's fisca
reserve's two day meeting on the economy wraps up. that begins at 2:30 eastern time. >> coming up, the head of immigration and customs enforcement testifies about the release of nearly 2000 immigrants because of budget constraints. the 2014 budget plan put out by chairman paul ryan would balance the budget in 10 years and put in place medicare changes. the chamber should finish work on boating on the measure on wednesday. here is tuesday's debate. mr. ryan: i bring forward and present the budget resolution for the fiscal year 2014. we believe that we owe the american people a responsible balanced budget and that is precisely what we are bringing to the floor today. our budget balances the budget within 10 years and it does so without raising taxes. balancing the budget will help us foster a healthier economy, it will help us create jobs. in fact, two leading economists released a study analyzing our budget and its positive effects on the economy and jobs. in the first year they said it would, quote, boost the economy immediately, increasing both of our economy by a whole percentag
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the negativity out there i believe optimism is in the air. the stock market record highs, the economy is picking up, president obama in a charm offensive because his polls are way down. in fact he's now talking corporate tax reform. even pushing democrats on entitlement reform or so he says. now i know, i know, my favorite president reagan trust by verify, but i think there's some optimism out there and i'm going to do my best now to persuade my pal, conservative superstar ann coulter. she's the author on set for the full hour. jimmy williams. and michelle caruso-cabrera. ann coulter, i know you think i'm nuts but i'm telling you the stock market is a great signal. the republicans won on the sequester. obama's poll are down so now he's having to come to the negotiation table. i like this story. i want to be optimistic about this story. >> um, i want to be optimistic too. but i want to be realist jig. all,000 are the financial maven and i would normally defer to you, that's the only thing i'm pessimistic about. i think the economy -- i would not count on the stock market continuing to go up. i kn
jobs and improve the economy in every one of our districts, in every state in the union. i would turn, if i could, to my colleague, mr. polcan, who has some of the rations. >> i am glad you brought this amendment forward, mr. blumenauer. when i was on the joint committee on finance, we were the only committee in the country that had to approve every single dollar that came through from the recovery dollars. in our state, every single dollar came to our committee. i got to see exactly where those investment dollars went to our transportation projects. we had a report at the time from the road building and vertical construction industry, not your most left-wing organization, that said 54,000 jobs were saved or created in wisconsin because of that investment in infrastructure. i remember sitting in this very room and i asked dr. elmendorf that same question. i said is it true, and he set up to 3.3 million jobs were saved or created because of those recovery dollars. i can tell you in wisconsin, we saw the benefit. it came from the private sector. we saw the benefit for small businesses -
to the sequester republicans will not replace. just as the economy is improving for our neighbors and small businesses back home. in contrast, the democratic alternative will cren rate 1.2 million more job, stop the sequester and in committee, democrats proposed to close those special interest tax loopholes that riddle our tax code, republicans said no. democrats proposed to offset unwise republican cuts to medical research like alzheimer's, cancer, diabetes research at n.i.h., republicans said no. democrats tried to cut the special interest spending in the tax code to offset republican cuts to students who rely on pell grants but republicans said no. mr. van hollen: i yield the gentleman another minute and a half. the chair: the gentleman is recognized. ms. castor: the democrats in the budget committee proposed to strengthen medicare and replace the republican plan to turn medicare into a voucher program. all it does is simply shift the cost tour families and older neighbors. mr. speaker, this republican budget is not consistent with american values. it is not fiscally responsible. it is a
-- to turn the corner on deficit reduction and support rowing the economy. of that -- support growing the economy. of that, we have already committed to 2.4 trillions -- to $2.4 trillion. , we have to find in some way $1.6 trillion less interest essentially. one way is the sequester. $1.2 trillion in sequester. that is one way. the chairwoman's budget does it a different way. we are sank him instead of using the sequester to get the $1.2 trillion because it does not reflect common sense, it's just arbitrary and across the board during instead of use -- across- the-board. instead of using the sequester, we use this budget which meets the $1.6 trillion with interest durin. in total, it's $1.85 trillion. is that correct? >> yes. if you look at where our target is to get to all the bipartisan andps and where sensible -- were simpson-bowles wanted us to is a path to get to 4.3 c and dollars -- $4.3 trillion to get to thesis mark. x one ways to do sequester. one ways to do it the way we are doing it, which is come instead of arbitrary across-the- board cuts, doing it in what we would view a
a negative impact on the national economy and perhaps even the world economy and d think that is the facts are these institutions have become too large. gerri: the administration disagrees with you. but i have to ask you, senator, are the banks simply too big, the major ones, five or six that do business with so many americans in this country. >> doesn't that bring up a whole other issue of if they're too big you can't govern them, you can't punish them, you can't discipline them, maybe that is an issue we have to deal with but that is not the immediate concern. the immediate concern is number one they said they relied on experts. senator brown and i want to know who these expes are. they want to know the judgment bas for which you can't ggt them for criminal activity, but the other things, is it a crime you can be a ceo of a company as opposed to a customer in the bank and violate the law and can't be punished for it. you get to big to jail in that instance. gerri: what the attorney general is saying is moving to a jail would jeopardize the financial syssem and i think everybody has in th
it is simpler, fairer and more competitive to grow our economy. secondly, it actually produces a balanced budget. why is this important? a balanced budget will give young people more opportunity. a balanced budget will protect programs and preserve programs that are essential for seniors. and most importantly, mr. speaker, a balanced budget will encourage and promote a healthier economy. mr. speaker, it's time for washington to take a lesson from minnesota families and deliver on a balanced budget, and i yield back. the speaker pro tempore: the gentleman yields back. at this time the chair lays before -- are there further requests for one minutes? seeing none, the chair lays before the house the following personal request. the clerk: leave of absence requested for mr. culberson of today, mr. gardner for today and mrs. napolitano of california for today. the speaker pro tempore: without objection. hese requests are granted. under the speaker's announced policy of january 3, 2013, the gentleman from wisconsin, mr. poe can -- pocan, is recognized for 60 minutes as designee of minority leader. mr. p
trillions of dollars in economy to fight global warming because it's going to get one degree warmer in the hundred years, we shouldn't worry about the deficit that never stops. it is a crisis and immediate crisis and should be honest about that. >> neil: dagen, he was saying in and of itself a balanced budget isn't the goal. it's getting to that but not at the expense of blah, blah. but in saying that spending not a problem and harry reid said don't touch entitlements and nancy pelosi don't raise the medicare retirement age and we don't have a spending problem either, i put a lot of that together. >> right. my favorite little gift of the president was $100 billion in the budget and they don't say freely raising new revenues through taxes in this budget. it's about $1.5 trillion in new tax revenue on top of the $600 billion in higher taxes earlier this year. that is on top of the more than $1 trillion in obamacare taxes. >> neil: and that doesn't balance anything? >> this is blueprint for what the president wants and what all democrats want, that higher taxes, more taxes and they are
food assistance to kids in this country and funding for r&d will drive our economy, but we can't appropriate a sum of money to fix the real cost of iraq. can't pay back the lives of 4,486 american men and women who have died there or the roughly 2,000 broken soldiers who came home and took their own lives. the wounded, physically and mentally, the soldiers who didn't know how not to be a soldier, the families living with a hole in their hearts and the families living with someone they no longer recognize. 10 years leaving their families, living in hell, coming home to unemployment and the homelessness, to a country that's forgotten that it's at war at all, to a country that seems to think a yellow ribbon magnet on their bumper is the only kind of support that oir troops need and the cost in iraq, untold deaths. let me rephrase that. unknown deaths. we can only guess at the destruction that we have left in our wake. 115,000 iraqis, 600,000, you can find the number, what was the long-term impact of that on the environment, the water and health? what happens when someone lives in
reduction is very important, but creating the millions of jobs that our economy desperately needs is even more important. i would go further than that. everybody -- i could tell you in the state of vermont and i suspect in the other 49 states, we have a serious problem with roads and bridges and water systems and schools, broadband. we need to invest in our infrastructure to make this country more productive. when you do that you create jobs. so i am a big fan of investing in the infrastructure and strongly supportive of that proposal. i would have gone higher. host: you can see here in wall street "washington journal," republican plan and blue plan in -- for the democrats. you can see that there. guest: that's the real issue. do you really think that the only way we can move to deficit reduction is cut, cut, cut? when revenue at 18.2%, the lowest in 60 years, i think there needs to be a balanced approach and we need to close outrageous loopholes that corporations enjoy. host: talking to bernie sanders, independent in vermont. folks are eager to talk to you. let's go to edward in grand pr
agenda. he got health care passed and fixed the economy. he has the economy on the right track. the gun issue was not a big deal with him in the beginning. gale marriage was not a big issue, but they have become centerpieces, that's the period he's in at this point. republicans are cooperating to the degree that they appeared to be disorganized enough that he appears to be right on track. >> you know, on that point, in terms of the economy, victoria, the president talking about the budget last week, he said something that the gop just jumped all over. the president said, and i'm quoting him, we don't have an immediate crisis in terms of debt, and the republicans and the right wing went bananas. but then mr. boehner and ryan, of course, agree with him. watch this. >> we do not have an immediate debt crisis, but we all know that we have one looming. >> we do not have a debt crisis right now, but we see it coming. we know it's irrefeetably happeningivities they say the president shouldn't have said it, now you have boehner and ryan saying it, about you if both say we don't have an immediat
revenues. it would cut waste, add jobs and spur economic growth of the economy. it would reduce the deficit by an additional $1.8 trillion without jeopardizing the recovery or harming the middle class. it includes $1.2 trillion in new revenue obtained not by tax increases but by closing loopholes and eliminating wasteful spending that benefits the wealthiest americans and the largest corporations. it eliminates $4 billion in annual tax breaks to the oil and gas industry, an industry that is making profits. they don't need a tax break. in fact, they're making enormous profits. so, why does the ryan budget give them a government subsidy? the democratic plan invests in infrastructure, education, job training and innovation. it is designed first and foremost to help create jobs and strengthen the economy. the house democratic budget also makes critical investments in our future. $200 billion is invested in infrastructure, education, job training and innovation. helping to create jobs and strengthen the economy. these investments include $80 billion for an education jobs initiative, $50 billion
to work productively, for us to roll up our sleeves and get the economy working again, get the millions of people who are struggling to find jobs back to work again. and i am hopeful this conversation today was a positive step in that direction. >> any questions? >> a lot of this conversation has been focused on entitlement reform. i am wondering if you heard anything in there that the president said about a willingness to bring down the cost of entitlements. >> the president has says paul -- has said publicly and reiterated privately he understands that until -- let me put it the way i like to put it. until you make the eligibility for entitlements, you can never solve the problem. until you solve the entitlement concerned, in a way that saves medicare and saves social security and medicaid, because the trusties he appointed are all in trouble, you also cannot save health care, you cannot save the country until you fix this problem. i think the president understands that. his political base is pretty wedded to trying to get additional revenue as a condition of solving the problem. ther
, and middle-class alike. economy isar as the concerned, we are to come together and make it grow. people have been coming out of prison who have been locked up for years and have no sense of direction for what they will do when they get out, just because jobs require certain backgrounds. the money that we pay the why don't we use that to provide a job where everybody gets an opportunity to get off welfare and food stamps? a program should be put in place for those on financial assistance from the government to do some type of work, to earn what they get. those incentives that are being given could be used to develop the economy. thank you, c-span. host: on twitter -- al writes about cpac. that the editorial this morning on cpac from al cardenas as cpac joins its 40th year. travis is on the republican line. caller: there should be a progressive tax on revenue. and i would like to see campaign funds taxed. on the second amendment, it's as we shall not have any infringement [indiscernible]. take care. host: this remark from liz smith -- "usa today" has a story getting attention this friday morni
president obama entered office facing massive deficits and an economy that was shedding hundreds of thousands of jobs per month. now we've made progress towards getting our debt and deficits under control, and we've added back jobs, but the recovery isn't as strong or as fast as it needs to be. millions of workers continue struggling to get back to work, and we still have some very serious challenges when it comes to our medium- and long-term deficit and debt challenges. in the coming weeks and months, we will be asked to make tough choices as we work to tackle these challenges responsibly. this process is not going to be easy. there's a serious difference of opinion about what our government should be doing to keep our economy and our national finances moving in the right direction. one approach is to follow a path back to the economic policies of the last administration. this is the path to more tax cuts for the rich but less opportunity for the middle class to get ahead. it is a path not to prosperity, which can only truly be built from the middle out, but to the deterioration
and the austerity he is putting in place has caused the economy to be really slow. >> a lot of tax increases over there in europe. we look at this austerity bit. i want to talk about this for a second. >> i want to get back to the budget then. >> talk about what is happening in washington. you know, economics discussed on tv or on the internet or on twitter, it's so depressing, because people really don't know what they are talking about and they just sort of boil it down and there is this belief through the years, that tax cuts are not a tool used. of course, tax cuts are a tool used and tax increases something that traditional are against in bad times. we hear about austerity across great britain and we never hear about the tax increases. when you talk about the fact they cut and slash spending at the same time they hike taxes, it really was a formula made to fail. >> spending cuts and tax increases both take money out of the economy and slow the economy and, yes, they create this idea of austerity. but, look. it's a balancing problem. on the one hand you need to deal with it budgets and defici
to the forefront and that's more important. the u.s. economy, china and although there is a big idea they're stealing customer's money and savings accounts is abomination, i believe it's a different european country. entered the european union in 2008, i don't think it will be as big of a deal as people think, i think it will be on the headlines for two weeks. stuart: all right, let's see what's happening on the opening bell, upside. and i'm looking for a gain of 20, 30 points for the time they're open, 10 points higher, 14,462. nicole, let's bring you in. one of your favorite stocks, we're watching it closely. yoga pants, they say they're too sheer. in other words, you can see through them. i think that the stock is way down. nicole: it is way down. it's going to hurt their bottom line. and they're talking about bringing in the pants that are sheer. that basically is like a fall for the company, you can't have pants that are sheer. i have to admit my lululemon, i noticed recently is sheer and it's no joke and you're able to bring them back in, but it's going to hurt their revenue and bot
of law. they have tremendous workloads, but they keep this economy going. and if you slow that down, if you slow down civil dispositions where contracts are waiting to be enforced with the plant is quick to be built or so forth, whether the damages are going to be paid through someone who was the victim of the breach of conduct. if you're going to cause dismissal of the suits because of criminal suits, criminal prosecutions because of the light, then you're threatening the efficiency of the legal structure. thank you very much. to have one of the comments i want to share with you, this month you will hear cases that are of the utmost importance to many american families. that is with the gay americans have the right to marry straight couples and whether the congress can deprive legally married gay couples of the federal recognition and benefits. i mention this not because i expect either of you to speak on this issue. in fact i know you will not. president bill clinton who resigned doma enchilada and now requests its demise recently wrote the question of the cases rests on, quote, w
of the economy that are not that strong and i don't know what the sequester will bring in the month of april. >> look, the data say things are better, and i think the fed will be under a lot of pressure because interest rates are headed higher. >> at some point the fed will have to acknowledge that -- and they have -- to your point, they changed the language a little bit. it's a moderate recovery and it's a strengthening recovery. words like that. >> right. >> at some point they're going to have to acknowledge what we all seem to know which is -- they're not great, but things are getting better. now will inflation pick up and that, of course, is the fed's number one mandate. will inflation pick up until we see jobs pick up because wage inflation comes with excess demand from workers. i don't know. that's the big trillion dollar question mark. >> commodity inflation whether it be corn or copper and the strong dollar will contain inflation that's going up a great deal. housing is stabilizing and not really in the numbers. i want to take issue with some of what you said. i think we all think th
to ground in congress on handling the economy. we're in the middle of another budget mess and this time the president is not winning the battle handsdown. today we get the democrats trillion dollar tax hike plan and wait for it, stocks will be up again. okay retail sales, yes, stocks up again. here we go. "varney & company" is about to begin. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. weike this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades whenou open an account. neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from th
at this 14,500, in that range, the economy is in better shape arguably and back then. why can't we be happy about this? >> well, we should be. our report showed this. the levels we are looking at right now, economic indicators, valuations, monetary sentiment, etc., really the only thing that looks out of mind is how far the index it is from the 50 and 200 day moving averages. dennis: where, generally, speaking in stocks, would you put money now and is it basically a bet that we keep moving higher or a bat to protect yourself from moving lower? >> leaning towards we just celebrated our fourth birthday and five of the six bull markets since world war ii that did so went on to celebrate their fifth birthday. number four was on march 9, number five will be a year from now. it is the cyclical factors that tend to lead the way. dennis: that what all kind of messed together. thank you so much for being with us. sam stovall. >> my pleasure. melissa: just a month after carnival cruise ship was stranded at the. another one is stranded. carnivals dream was wrapping up its trip when the emergency diese
measures also create good quality american jobs that can help grow our economy for the future. it's a win-win that we should all support. that's why last month i reintroduced two bills that would help our local communities implement these cost saving measures. one is the coastal state climate change planning act which would provide for coastal states who wish to carry out adaptation projects in order to prepare for the impacts of climate change. and another bill is the water infrastructure resiliencey and sustainability act, supporting states wishing to update their aging storm, waste and drinking water systems in order to adapt for climate change. these bills would help our local communities to plan and prepare for the impacts of climate change and increased extreme weather. our communities deserve protections from these potentially devastating events, and we have a responsibility to help. mr. speaker, we have a choice. we can continue to spend tens of billions of dollars annually on emergency aid packages that will only grow in size and quantity or we can spend a fraction of that on pla
to the economy? >> i think you cannot get these kind of cuts without -- >> what cuts? i'm talking about freezing -- >> hold on. i know you're a young politician. i like young politicians more than old politicians. but whatever you are, you got to wait. because i let you go. right? let's do that. i think the answer is if you look at taking a big bite out of the jobs in the public sector, and taking away the spending that goes throughout the entire economy, that hurts growth. that's the biggest problem. i think an issue for you is i think it's great to have someone who's 23 out there running. i think that is great in both parties. we have way too many senior citizens making decisions for the rest of us. i'm with that. the question i have for you is, if you're going to go in your district, prince william counties is one of the biggest counties. >> 70,000 federal workers. >> you know where i'm going. that's the debate have. what's the largest employer there? >> 70,000 people. 1 out of every 10 people in my district works for the federal government. >> you're going to run. this is the question. you'r
and what we really need to do is to focus on growing the economy. the deficit is there. we can deal with it. but growing the economy is the first priority. >> yeah. >> congressman ryan, president obama campaigned on protecting the middle class. so why all of a sudden is chained cpi up there for grabs. even nancy pelosi is starting to embrace it here. are we seeing the democrats shift towards the republican position on protecting the big three? >> well, i'm not sure nancy pelosi is there just yet. i thought she was very careful on what she said, protecting the poor, protecting those seniors. so everything's fungible. and i'll go over battles for the poorest of the poor, our children and senior citizens with nancy pelosi any day of the week. and i'm confident in the house with the leadership of people like keith and john that we will be able to hold a line on some of this from the democratic side. but it does get worrisome every now and again when you hear these comments. i know you've got to be conciliatory and be ready for a grand bargain, but we're not going to sell our soul in the process
of gdp. and that will lead to a stronger economy and more employment. so i really like the budget. i like the direction. and i hope it does unchange the debate in washington. melissa: kevin, do you agree with that, by definition the largerhe government is the smaller the private sector is, everydollar they spend came from somewhere? >> sure in the long run that is absolutely true. there have been a lot of studies thathow the big government countries grow a lot slower an that smaller government countries. absolutely. if we get government under control we would ratchet up the forecast. that is what mr. ryan is trying to do. i think the problem the democrats will have they will put out a budget maybe matches presiden obama's rhetoric and has a lot of tax increases in it. that will cause a lot of democrats to be in something of a political peril. i think after the democrats budget comes out we're then going to see horse trading and movement maybe towards this ryan budget. but i think the odds of the ryan budget anywhere close to law are just about zero. they're not going to repeal, for exampl
. and look where we are going. today our national debt is bigger than our entire economy. unless we change course, we will add another $9 trillion over the next 10 years to our national debt. that debt will weigh down our country and our economy like an anchor. at some point lenders will lose confidence in us. they will demand higher interest rates. when they do interest rates across the country will skyrocket on credit cards, mortgages, car loans, families. as interest rates rise, debt payments will overwhelm all other items in the budget. and the debt will overwhelm the economy. our finances will collapse. the safety net will unravel. the most vulnerable, that's who suffers the most under a debt crisis. a debt crisis would be the most predictable disaster in our history. i looked back at 2008 like it was yesterday sometimes. i remember seeing all that was hatching in front of our eyes. i remember panicked meetings with the federal reserve chairman and treasury secretary, and looking back we can see what happened, but at the moment it was a crisis that hit us by surprise. look what happen
for this mess. no more taxes. we cannot take it in a bad economy. who knows what corn to happen in budgetary fluctuations between today and 10 years from today? entitlements is a very nasty way of saying we have to take something you ever earned and take it back because we cannot decide what to do with your money in the first place. i think the president is wrong. i am a democrat, but i don't support his ideas. tax-and-spend, tax-and-spend. the ryan budget is thdoa. this is too much, too late. who knows what is going to happen between today and 10 years from today? hopefully, i will be alive to get what i earned. i would rather be in my > to continue seeing this misery that the u.s. congress and this president and his health care act needs to be a pair back. it's not going to work. host: david on our independent line from mclean, virginia. caller: i have some questions. it's your guests along the line? host: we're just taking calls right now. our first guest is about a half- hour. caller: one, we would like to get clarification on the senate's passing the budget through an act of reconciliat
of balance. my goal is how do we grow the economy, put people back to work, and if we do that, we're going to be bringing in more revenue. if we've controlled spending and we've got a package, potentially what you've got is balance, but it's not balance on the backs of the poor, the elderly, students who need student loans, families who have got disabled kids. that's not the right way to balance our budget. >> sean: oh, deja vu all over again. the president demagoguing armageddon. what a shocker. here to talk about the plan he unveiled in the house is congressman paul ryan. welcome back to the program. >> great to be back, sean, thanks for having me. >> sean: let me first let you respond to the president. are you going to be spending every year? will your budget spend more money every year or will it spend less money every year than spending-- >> every year will spend more than the next year? >> yeah, i just listened to this for the first time, heard your interview and i think that was george stephanopoulos if the voice was right. >> sean: yes. >> that didn't sound too charming. and every
a deficit reduction plan over the longer term, starting as the economy begins to recover more that will give more credibility to the market, such that interest rates don't go up if they get scared, we'll never do anything about deficits. but it's a matter of timing, not a matter of morality. ivities bob, giving all great work that demoss is doing, the republicans have been masterful insofar as is the national debate has centered on deficits. a lot of the economists would say, look, as ezra points out, a long-term plan is necessary, but in the short term stimulus spending is what we need. >> exactly what we need. >> the elephant in the living room is still unemployment. we have too many people who are jobless or underemployed, and budgets in any kind of reasonable state of balance without putting these people back to work in good jobs so that they're paying taxes. the question becomes, when we have they budget debates in washington and the question that's not being answered is, what is the goal? the goal is not simply to get a balanced budget or get closer. it's to have some kind of economic
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, instead of the steak knife is tough for the economy, senator murray said this is a great plan for everyone as being pro-growth, i don't know what a trillion dollars in national tax rates is going for growth, i don't see it. neil: rick, you are tight with a lot of powerful democrats, i know what bothers them is he is taking on entitlements, he is not really he is taking them on. carney said yesterday, think of changing the ages, and you know and a nonstarter. so, if entitlements are off the table for a lot of democrats right now, we're going nowhere fast? >> you have to be a little bit careful. we know that murray's budget, opening shot from democrats ryan's budget opening shot from the republican, president somewhere in the middle, important to keep this in mind. i will tell you, i have to disagree when you say ryan budget does not take a cleave torent tight imminents -- clivecleaver to entitlements, 5n medicare and medicaid that is heavy, the thing that shocked me about his budget, i have to tell you, you know i'm not the biggest fan of representative ryan, but it at least it has been re
underlying economy as long as we stay in the free market and let people go out earn money and change the world, we'll come out ahead, a third of the billionaires reside in u.s., there is a reason, we have that free market capitalism that animallistic spirit, that bridges our country ahead of the game not some government interference or program. neil: well, i hope you are right, monica, in the meantime the government is crowding out the capital, right? it is maybe we've gotten used to that. it is like beating your head against the wall, when you stop, you still have a gaping wound but you feel better. i'm wondering whether we have a false assurance here? >> i don't feel like i have any kind of assure answer from anyone, both of the budgets not only house democratic budget but republican budget are asking for very contentiousesques one wants to us get rid of obamacare, that was a big struggle and the other wants to us get rid of the sequester cuts, which we've been haranging about for weeks now. neil: that just wastes time, every time they do that and add to more spending, we keep talk
. that is terrible for the economy. march 27 there will be a speech in georgia from steve moore. i'm sure the last thing he will say is we need to increase taxes. host: where do you see and that they can come together? caller: i have been working in politics 50 years. the republicans have compromised ourselves into a $16 trillion debt. it's time for the democrats. we have got to cut spending. obama is not doing anything accept raising taxes -- except for raising taxes. the rich are the heroes because they create jobs. i'm not against poor people, but they cannot give anybody a job. we need to stop the attacks on the rich. we need to cut spending. i am thinking of changing my name to cut spending. host: here is what steve wrote on twitter -- let's hear from dennis in massachusetts, independent. caller: how are you? i am reacting to the report that the senate plan suggests another quarter billion dollar cut to medicare after the $760 billion cut that the senate democrats have already made. as your reporter just said, but guess you havd, it's doubtful that will not affect medicare beneficiaries. i am
are not helping people to improve their conditions. the scandals have devastated our economy. host: thank you very much for the call. this is a profile on the snap program in rhode island. it is an ackerman for the supplemental nutrition assistance program. let us go to jason from britain, new jersey. caller: thank you for this great topic. i think it is one we can all relate to because everyone has to eat. it all starts with food. athink the first lady has set good example with the garden she is growing behind the white house. given to allwas americans to grow a garden. this could wipe out the hunger problem probably within one growing season. some type of tax incentive, some the of extra tax on corporations and oil companies that are getting subsidies. take a small fraction of that away. give that to citizens to grow food. around in onethis season. this is an opportunity out of anniversary -- this is an opportunity. out of adversity comes opportunity. it is a travesty to see americans going hungry. these are programs i did not even get interested in. it is easy for us to blame government. let us
is not to chase a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work, and if we do that, we're going to be bringing in more revenue, if we controlled spending and have a smart entitlement package, then potentially what you have is balance, but it is not balance on the backs of, you know, the poor, the elderly, students who need student loans, families who have disabled kids, that's not the right way to balance our budget. >> the glow is off paul ryan budgets, even for republicans, including former ryan worshipper rush limbaugh. >> now, there are people that don't like it, even on the republican side because it has tax increases in it, some say tax increases on the rich. leaves some of obama's tax increases in it. heritage foundation has done deep analysis of this. one of their problems with the ryan budget is, and they do have problems with it, is that hefty tax increases of obama's are maintained. they're kept in it. they're not done away with. >> paul ryan's budget leaves in the increase in top income tax rate that president obama achiev
. mr. thompson: the only way to get our economy growing stronger is take an honest account of the fiscal problems we face and put forward policies to address these challenges. it's called budgeting. a fundamental part entails writing and passing a budget, something we haven't seen the senate in four years. four years, that's how long americans have had to wait for the senate to perform its most basic function as a legislative body. before today, the only thing certain was that the senate would not consider a budget. today, the senate democrats introduced a budget and i'm glad they did. it's about time. unform after reviewing their proposal, the only thing certain is that their budget will never balance. we owe the american people a responsible balanced budget. the house budget introduced yesterday, balances the budget in 10 years. the senate democrats' proposal never balances ever. a balanced budget will foster a healthier economy and create jobs, madam speaker. the american people elected us to lead and put forward solutions and not hide from the challenge and posture for
economy and i suggest even our very way of life. we need a whole of america solution to this national problem, and the department of defense absolutely has a critical role to play in that effort. if you believe that the d.o.d. has a vested interest in having reliable sources of energy, you should agree that new fuels meet their needs. as i mentioned, we're all concerned about the effect of sequestration on our troops, but we can't solve our problems with the same kind of shortsighted thinking that got us here in the first place. killing the navy's boistles program -- biofuels program, make no mistake, that's what this this amendment would do, will cost more money than it saves. it will set back an destroy poised to provide our country with enormous and important benefits. and it will make sure, it will ensure we keep pouring money into foreign coffers. i want to urge my colleagues to continue to support smart investments in our future like the navy's biofuels initiative. therefore i urge my colleagues to oppose the toomey amendment. mr. president, thank you for your attention. i yield
and the economy, support for proxies'. if you had the opportunity to sit quietly with the supreme leader of iran and talk to him, talk him out of whatever he appears to be intending to do, what would you say to him about u.s. intentions at u.s. cooperation with our partners in the region? >> i would send dennis rodman over there. [laughter] the truth is the first thing i would do i would ask why they are doing what they're doing and i would like to hear it from him personally. because we know of course what his surrogates and proxy's are doing. i would like to know from him they close by the way, you know in that region that the three countries that have always been country, iran, turkey, egypt, they are the cornerstone of that region. it does not mean that we want to be like them or anyone want to be like them, but we have to account for the fact that those three countries are the historic cornerstones or and points of that region. the first thing i would like to is what is a they believe the future holds for the region and why are they apparently, it seems to me, on a path to try to dredge up
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